These Analysts Revise Their Forecasts On Tenable Holdings Following Q2 Earnings

Tenable Holdings Inc (NASDAQ: TENB ) on Wednesday posted upbeat results for the second quarter.

The company reported quarterly earnings of 51 cents per share which beat the analyst consensus estimate of 47 cents per share.

The company reported quarterly sales of $268.508 million which beat the analyst consensus estimate of $264.827 million.

Tenable Holdings raised its FY2026 adjusted EPS guidance from $1.90-$1.98 to $1.95-$2.00 and also increased its FY2026 sales guidance from $1.068 billion-$1.078 billion to $1.075 billion-$1.081 billion. “We delivered better-than-expected results in Q2, reflecting the continued momentum in Tenable One,” said Steve Vintz, Co-CEO of Tenable. “As AI reshapes the attack surface faster than most organizations can respond, we believe customers are increasingly choosing Tenable One as the platform that turns that complexity into clear, actionable insight to reduce risk.” Tenable shares fell 15.2% to $26.70 in pre-market trading.

These analysts made changes to their price targets on Tenable following earnings announcement.

Piper Sandler analyst Rob Owens downgraded Tenable the stock from Overweight to Neutral and cut the price target from $35 to $30.

Jefferies analyst Joseph Gallo maintained the stock with a Hold and lowered the price target from $35 to $30.

Barclays analyst Saket Kalia maintained the stock with an Equal-Weight rating and slashed the price target from $41 to $38.

Needham analyst Mike Cikos maintained the stock with a Buy and raised the price target from $30 to $36.

Considering buying TENB stock? Here’s what analysts think: Photo via Shutterstock